Reported 1 day ago
The U.S. Justice Department is reportedly investigating UnitedHealth's Medicare billing practices, prompting a 7.3% drop in the company's shares. While UnitedHealth claims ignorance of any such probe, the investigation focuses on the company's diagnosis recording methods that could lead to higher payments under Medicare Advantage plans. This news, along with a recent CEO-related tragedy and ongoing scrutiny of healthcare reimbursement practices, has led to broader sell-offs among rival insurers, raising concerns about the implications for UnitedHealth's financial performance.
Source: YAHOO